Section 50-4-8 - Deposit of commission moneys with state treasurer--Maintenance of separate fund--Authorized methods of disbursement. - South Dakota Statutes

50-4-8. Deposit of commission moneys with state treasurer--Maintenance of separate fund--Authorized methods of disbursement. All moneys accepted for disbursement by the commission pursuant to §§ 50-4-3 to 50-4-7, inclusive, shall be deposited in the state treasury, and, unless otherwise prescribed by the authority from which the money is received, kept in separate funds, designated according to the purposes for which the moneys were made available, and held by the state in trust for such purposes. All such moneys are hereby appropriated for the purposes for which the same were made available, to be expended in accordance with said sections. The commission may, whether acting for this state or as the agent of any of its counties or municipalities, or when requested by the United States government or any agency or department thereof, disburse such moneys for the designated purposes, but this does not preclude any other authorized method of disbursement.

Source: SDC 1939, § 2.0108 as added by SL 1945, ch 2; SL 1949, ch 2, § 5; SL 1997, ch 16, § 11.